Here are today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day...
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Well, according to this link:
http://finance.yahoo.com/q?s=bac&ql=1
...Bank of America is solidly back in the six-dollar range, and headed lower.
Poor "Uncle Warrant" must be kicking himself for piling into this pig.
Anyway, are we coming closer to...
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“when the typhoons come, even a pig can fly in the sky. Everybody is profiteering from this. Why can’t we?”
CEO of Chinese manufacturer, Lenovo, explaining why 60% of their profits from real estate
*c/o Charles Hugh Smith via ZH
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The Fed continues to pump massive amounts of cash into Primary Dealer trading accounts. That has had a slight effect in levitating stocks but no success in keeping bond yields down. In fact the opposite has occurred. Yields have risen sharply. The reasons are simple and obvious. The question is whether they are cyclical...
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There is not much to say anymore regarding the stock market as it is one guy who runs it now. If we ever have a down day again, it will be this guy’s fault. You own it all now dickweed. I still don’t understand why the Fed took three months...
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The revolt against Pig-Menism continues to gather steam. ABC reports that Weekend at Bennies nomination apparently may be short of the 60 votes to confirm. All it would take now is for President Obama to have staff members put in calls saying “vote your conscience, it will be respected”, and the Administration is off...
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Obama, with Paul Volcker by his side, rolled out a yet undetermined attack against Pig Men concentrated risk and perhaps even moral hazard. Tim Geithner was nowhere to be seen on stage. Obama mentioned the term “Volcker rule” as well, so it finally appears that a new approach is being rolled out on one of my...
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Lots of crosscurrents to start the week. First, President Obama is on the war path against “fat-cat” banksters. No doubt he senses the widespread political outrage on this issue, so it would be bizarre indeed if this is just more hypocrisy and posturing. However, as I wrote Sunday, the Pig Men have already won...
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Today the financial press, CNBC, and et al decided it was time to start reporting the latest news about a sputtering economy. Apparently someone in the higher echelon in Pig Men circles decided to send down a fresh, and I might add, negative press release that was duly read by their minions. This...
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The whole idea of a âleveraged public-private partnershipâ between Pig Men and the American citizenry makes my blood curl. From an investment point of view the bigger winners from this will be the âprivateâ looters like Blackrock and Pimco. However for me, there are two problems with speculating along side those players.� First, I...
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Everybody is a Keynesian now. The stimulus seems to run the gauntlet. First the outgoing Bush administration is raiding the Treasury fast and furious to subsidize and pad various financial institutions and Pig Men. The tenor of the deals is not at all taxpayer friendly, and the details and amounts can be tracked here....
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Some Thoughts on Trading Strategy; and How to Paper Trade for "Real"
Over the past few weeks, we've had a number of discussions on trading strategy. In this article, I'd like to reiterate, and add, some key points: 1) Know your exit before you enter a trade. Once you're in the trade, ...
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